Financial Performance and Efficiency of Corporate Farms in Northwest Russia
The corporate farms in Leningrad Oblast are classified into five solvency groups by an index of financial health based on the coverage of farm costs by sales revenue. The two highest solvency groups containing 35% of the oblast farms produce 75% of sales and generate 90% of profit. They rapidly grow...
Main Author: | |
---|---|
Format: | Article in Journal/Newspaper |
Language: | unknown |
Subjects: | |
Online Access: | http://www.palgrave-journals.com/ces/journal/v47/n1/pdf/8100085a.pdf http://www.palgrave-journals.com/ces/journal/v47/n1/full/8100085a.html |
id |
ftrepec:oai:RePEc:pal:compes:v:47:y:2005:i:1:p:188-199 |
---|---|
record_format |
openpolar |
spelling |
ftrepec:oai:RePEc:pal:compes:v:47:y:2005:i:1:p:188-199 2024-04-14T08:16:47+00:00 Financial Performance and Efficiency of Corporate Farms in Northwest Russia David Epshtein http://www.palgrave-journals.com/ces/journal/v47/n1/pdf/8100085a.pdf http://www.palgrave-journals.com/ces/journal/v47/n1/full/8100085a.html unknown http://www.palgrave-journals.com/ces/journal/v47/n1/pdf/8100085a.pdf http://www.palgrave-journals.com/ces/journal/v47/n1/full/8100085a.html article ftrepec 2024-03-19T10:35:54Z The corporate farms in Leningrad Oblast are classified into five solvency groups by an index of financial health based on the coverage of farm costs by sales revenue. The two highest solvency groups containing 35% of the oblast farms produce 75% of sales and generate 90% of profit. They rapidly grow by investing in machinery and equipment and can be regarded as having fully adapted to the new market conditions. Their production efficiency is significantly higher than the efficiency of less solvent farms. A regression analysis shows that 50% of the variability in the financial health of Leningrad farms is explained by management quality, while another 30% is explained by farm size (farms employing more labour and more land are characterized by higher solvency). Comparative Economic Studies (2005) 47, 188–199. doi:10.1057/palgrave.ces.8100085 Article in Journal/Newspaper Northwest Russia RePEc (Research Papers in Economics) |
institution |
Open Polar |
collection |
RePEc (Research Papers in Economics) |
op_collection_id |
ftrepec |
language |
unknown |
description |
The corporate farms in Leningrad Oblast are classified into five solvency groups by an index of financial health based on the coverage of farm costs by sales revenue. The two highest solvency groups containing 35% of the oblast farms produce 75% of sales and generate 90% of profit. They rapidly grow by investing in machinery and equipment and can be regarded as having fully adapted to the new market conditions. Their production efficiency is significantly higher than the efficiency of less solvent farms. A regression analysis shows that 50% of the variability in the financial health of Leningrad farms is explained by management quality, while another 30% is explained by farm size (farms employing more labour and more land are characterized by higher solvency). Comparative Economic Studies (2005) 47, 188–199. doi:10.1057/palgrave.ces.8100085 |
format |
Article in Journal/Newspaper |
author |
David Epshtein |
spellingShingle |
David Epshtein Financial Performance and Efficiency of Corporate Farms in Northwest Russia |
author_facet |
David Epshtein |
author_sort |
David Epshtein |
title |
Financial Performance and Efficiency of Corporate Farms in Northwest Russia |
title_short |
Financial Performance and Efficiency of Corporate Farms in Northwest Russia |
title_full |
Financial Performance and Efficiency of Corporate Farms in Northwest Russia |
title_fullStr |
Financial Performance and Efficiency of Corporate Farms in Northwest Russia |
title_full_unstemmed |
Financial Performance and Efficiency of Corporate Farms in Northwest Russia |
title_sort |
financial performance and efficiency of corporate farms in northwest russia |
url |
http://www.palgrave-journals.com/ces/journal/v47/n1/pdf/8100085a.pdf http://www.palgrave-journals.com/ces/journal/v47/n1/full/8100085a.html |
genre |
Northwest Russia |
genre_facet |
Northwest Russia |
op_relation |
http://www.palgrave-journals.com/ces/journal/v47/n1/pdf/8100085a.pdf http://www.palgrave-journals.com/ces/journal/v47/n1/full/8100085a.html |
_version_ |
1796315523356557312 |